The international conflict over the events in Ukraine led to the application of unilateral restrictive measures by the parties involved the European Union, the United States and the Russian Federation all of which are World Trade Organization (WTO) members and permanent members of the UN...

In 2012, the Russian Federation (RF) joined the World Trade Organization (WTO) as its 156th member. Two years later, an international conflict over the developments in Ukraine in general and the changing status of Crimea erupted, which henceforth saw the RF, the United States (US), and the...

In the international trade and development arena, new and developing economies have created a block that is known as BRICS - Brazil, Russia, India, China and South Africa. Initially conceived to drive global change through economic growth, the financial crisis and reversal of fortunes of the...

"The term 'BRICS' is an acronym made from the initials of the five countries of Brazil, Russia, India, China and South Africa. The concept was originally coined in 2001 as 'BRIC' in the context of an economic report. Eight years later, the first BRIC Summit, attended by the leaders of the four...